1516 27th st, Lubbock, TX 79411
1516 27th st, Lubbock, TX 79411
1516 27th st, Lubbock, TX 79411
1516 27th st, Lubbock, TX 79411
1516 27th st, Lubbock, TX 79411
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$ 130,000
Est. payment | /mo

3 Beds

2 Baths

744 SqFt


$ 130,000
Est. payment | /mo

3 Beds

2 Baths

744 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 744 sqft

Price per Sqft $174

Subdivision Belmont Place

MLS Listing ID 21320356

Bedrooms 3

Full Baths 2

HOA Y/N No

Year Built 1943

Lot Size 6,695 Sqft

Acres 0.1537

Property Description

Excellent investment opportunity with immediate income potential! This property features a tenant-occupied 2-bedroom, 1-bath main home currently leased at $700 per month, plus a fully renovated 1-bedroom, 1-bath detached ADU completed in 2025. The ADU was previously leased for $830 per month and is now vacant, offering the flexibility to place a new tenant at market rates or use the space for extended family, guests, or a home office (buyer to verify permitted uses).

The recent renovation of the ADU provides a fresh, move-in-ready space, while the established rental in the main home offers immediate cash flow. Conveniently located near Texas Tech University, downtown Lubbock, medical facilities, shopping, and dining, this versatile property is ideal for investors looking to expand their portfolio or buyers seeking a home with additional income potential.

Don't miss this opportunity to own a property with two separate living spaces and strong rental possibilities!

Location

State TX

County Lubbock

Direction GPS

Interior

Interior Features Other

Heating Other

Cooling Window Unit(s)

Flooring Other

Fireplace No

Exterior

Parking Features Additional Parking, On Street

Pool None

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Composition

Private Pool No

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories One

Schools

Elementary Schools Brown

Middle Schools Slaton

High Schools Lubbock

School District Lubbock Isd

Others

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21320356

NEARBY SCHOOLS & PROPERTIES

Christopher Newsome

"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(979) 232-2017

ask@experiencehom.com

703 Cross St, College Station, TX, 77840, USA

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1516 27th st